Hathway Bhawani Cabletel & Datacom Limited has successfully acquired the remaining 49% equity stake in its subsidiary Hathway Bhawani NDS Network Limited, completing full ownership of the cable television business entity. The transaction was completed on February 05, 2026 at 06:35 p.m. (IST) for a total consideration of ₹15,190.

Transaction Details

The acquisition involved the purchase of 15,190 equity shares representing the balance 49% equity stake from existing shareholders of Hathway Bhawani NDS Network Limited ("Bhawani NDS"). The company stated that the acquisition was undertaken for consolidation of business operations, transforming Bhawani NDS into a wholly owned subsidiary.

About Hathway Bhawani NDS Network Limited

Bhawani NDS was incorporated in India on October 13, 2010, and operates in the Cable TV business with its presence in Thane, Maharashtra. The subsidiary has been part of Hathway Bhawani's business portfolio, with the parent company previously holding a 51% controlling stake.

Financial Performance Overview

The subsidiary's financial performance over the past three years shows a declining trend in turnover. The company's revenue has decreased consistently across the reported periods.

Regulatory and Compliance Aspects

The acquisition was structured as a non-related party transaction, with no involvement from the company's promoter, promoter group, or other group companies. The transaction did not require any governmental or regulatory approvals, streamlining the completion process.

Key compliance aspects of the transaction include:

• No related party transaction classification
• No promoter group interest in the transaction
• No regulatory approvals required
• Full disclosure under Regulation 30 of SEBI LODR Regulations, 2015

The completion of this acquisition strengthens Hathway Bhawani's control over its cable television operations in the Thane region and aligns with the company's strategy of consolidating its business operations under direct ownership.

Hathway Bhawani Cabletel & Datacom Limited has announced its consolidated financial results for the quarter and nine months ended December 31, 2025, demonstrating a remarkable turnaround in profitability. The cable and datacom services provider reported significant improvement in its financial performance compared to the previous year.

Quarterly Financial Performance

The company's Q3FY26 results show a strong recovery with consolidated net profit reaching ₹2.97 crores, marking a substantial improvement from the net loss of ₹4.38 crores recorded in Q3FY25. This represents a complete turnaround in the company's quarterly performance.

Revenue from operations remained relatively stable at ₹58.02 crores compared to ₹58.99 crores in the corresponding quarter of the previous year, showing a marginal decline of 1.64%. Total income for the quarter stood at ₹58.25 crores against ₹59.57 crores in Q3FY25.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, showcased even more impressive improvement in the company's financial health. Hathway Bhawani achieved consolidated net profit of ₹0.55 crores compared to a substantial loss of ₹18.99 crores in the corresponding nine-month period of FY25.

Expense Management and Operational Efficiency

The company demonstrated effective cost management during the reporting period. Total expenses for Q3FY26 decreased to ₹54.87 crores from ₹65.25 crores in Q3FY25, representing a significant reduction of 15.91%. For the nine-month period, total expenses declined from ₹203.20 crores to ₹177.32 crores, showing improved operational efficiency.

Key expense categories showed notable improvements:

• Employee benefit expenses reduced to ₹31.37 crores for nine months FY26 from ₹44.64 crores in the previous year
• Other expenses decreased from ₹63.84 crores to ₹51.61 crores during the nine-month period
• Feed charges remained relatively stable at ₹66.89 crores compared to ₹65.47 crores

Regulatory and Corporate Updates

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 13, 2026. The Board meeting commenced at 7:30 p.m. and concluded at 8:00 p.m. The statutory auditors, Nayan Parikh & Co., conducted a limited review of the results.

The company continues to face regulatory challenges, with Show Cause cum Demand notices from the Department of Telecommunications demanding license fees amounting to ₹4,130.38 lakhs for various financial years. However, based on legal expert opinion, the company maintains confidence in defending itself on merit and believes no provision is necessary for this matter.

The company's paid-up equity share capital remains unchanged at ₹810.00 crores with a face value of ₹10 per share. The turnaround in financial performance reflects the management's focus on operational efficiency and cost optimization strategies.